1933-10-26 — Page 9

GOLD TANGLE IN ROOSEVELT TO

AMERICA

Farmers Still Want

Inflation

Washington, October 25. There is speculation over the premium which the Reconstruction "Finance Corporation will pay for the first purchase of newly mined gold. To-day it ranges twenty cents to six dollars.

STUDY SILVER

Hopes it may be on Same Footing as Gold

HONG KONG DAILY PRESS, THURSDAY, OCTOBER 26, 1933.

MORE ARRESTS

ON C.E.R.

Communist Dis- closures Expected

Washington, October 25. Having embarked upon a gold- plan Mr. Roosevelt, according to sources described as usually well-police informed, is expected to devote his attention immediately to ald silver.

OUTSIDER WINS

CAMBRIDGESHIRE

"

MYSTERIOUS GEN. FANG

All Favourites Left Discovered in Train

Behind

Harbin, October 25

London, October-25. The Chinese Eastern Railway

The Cambridgeshire resulted in have arrested five em-none of the favourites winning, the ployees of the railway, alleged to first three places going to:- be members of a Communist cell.

It is stated that they endeav Congress advocates that silver remontization is indicated as the

oured to delay the entry "of the President is in close touch with the polite, and to destroy incriminat- silver question and consultationsing documents, but that many will be held soon to formulate a important documents were seized. definite programme."

Fresh disclosures of Commun- ist activities are expected-, Reu- ter.

To-day's transaction is described as a trial run, some Treasury ex- perts are reported to be uncertain as to the workability.of the Presi- dent's plan, doubting, as to whe- Senator Pittman, stresses the ther there is any exact relation-urgency of the silver problem with ship between the gold price and the United States about to over the commodity price level:

bid gold buyers in international exchanges. Other silver ter are reputed to be hopeful that the Ad- ministration will fix the silver price at ninety" cents per ounce, thus placing sliver on the same footing as gold under Mr. Roose- velt's gold-plan.

Experts are also asking what would happen should France aban- don the gold standard and other countries depreciate their curen- cies in terms of gold. The Con- gress group of farm industrial re- presentatives, headed by Senator Thomas the leading inflationist, endorsed the gold plan but for warded a resolution to Mr. Roose- velt urging him to supplement the plan by currency inflation and the remonetization of silver.

The

over,

future fate of 83,000,000,000 (three milliards) held by the Federal Reserve banks is perturbing Wall Street-because the Reconstruction Corporation. Is legally entitled to purchase the metal at the statutory price of $20.67 per ounce, though the world price is 50 per cent higher. Such reports are discredited par officials. -Reuter.

CANADIAN NICKEL

Germans Buying Heavily

Ottawa, Oct. 25. REPRESENTATTIVE of the Ig Farben Industrie arrived here yesterday. He is authorised to purchase large supplies of Cana- dian nickel. The representative states that his "firm is sponsoring

a new process for refining nickel.

Mr. Roosevelt favours helping silver, but is reported to be uncer- tain as to the best method to tackle the subject. Reuter.

1.

PROTECTION FOR

CORN

Higher Tariffs in America

Washington, October 25., The United States corn process- ing tax has been fixed at 23 cents per bushel of 56 pounds, and be- comes effective on November 5.

President Roosevelt has autho-. rised the National Industrial Re- covery Administration to carry out

SHORTAGE OF BEANS

Canton Revising Regulations

(From Our Special Correspondent,

Canton, Oct. 25, Regulations governing the im- port of beans from Manchuria are being revised by the South-west Foreign Trade Committee of the South-west Political Council in fa- vour of the importers, many of whom are Chinese merchants in Hong Kong

Because of the insufficient sup ply of beans in the local market, imports from Manchuria are per- mitted, provided special permit are obtained from the South-west Foreign Trade Committee. This is to prevent dumping of this vege- table.

a preliminary investigation into JAPAN AND THE

the complaints against Imports said to endanger the maintenance of Codes or agreements

The NLR.A. Act authorises em-

bargos and quotas to heighten

tartds-Reuter.

U.S. WARSHIP

IN COLLISION

Much comment has been aroused Two Officers Report-

recently by the revelation of the remarkable increase in exports of nickel, which is an important ele- ment in the manufacture of muni- tions.

A total of 513,000 cwt. was ex- ported in the first six months of 1933, as compared with 128,000 cwt. in the same period. 1932.

Exports to Germany which last year totalled 2,557 cwt., have been

doubled-Reuter..

ITALIAN BOXER CHALLENGED

For £1,000 Side Stake

London, Oct. 25.

ed Missing

Washington, October 25. The American cruiser Chicago, was badly damaged, while two officers are missing and several of the crew injured, when the cruiser collided with the British oil-tanker, Silver Palm, off San Pedro, Call- fornia, to-day.

The tanker's bows penetrated to the-cruiser's midship line.-Reuter.

A NEW PRIVY COUNCILLOR

Sir Percy Loraine

London, October 24.

The King has been pleased to approve the appointment of Sir

Larry Gains has challenged | Percy. Loraine. Ambassador De- Camera and falling him Uzcudun | signate at Angora, to be a member for a side stake of £1,000-Reu-of the

Council.--British

ter.

Wireless.

Privy

Keep your eyes open!

Your health is at stake!

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and has proved useful for more than 30 years,

Bayer's Aspirin

BAYER

does not harm heart or kidneys is artirely inno cuous and will also quickly help you to overcome colds, fever, influenza, rheumatism, headache etc. Each original packing and tablet bears the "BayerCross the well-known trademark.

Beware of imitations!

SOVIET

Russians Must Quit

The Far East!

The "Harbin Times" puts the "issue" very simply, declaring that unless the Soviet discontinues her present Far Eastern policy, quits

Siberia and withdraws to the

Ural Mountains, Japan must safe- guard her own security and at the same time release the inhabitants of the Far East from their "hell- lah sufferings.”

If the Soviet Government in- creases her Far Eastern activi- ties, the journal adds, Japan must take decisive measures and, sword' in hand, strike 2 decisive blow against Soviet aggression-Reuter.

MALEBİ

INTERPORT CRICKET

The Selection

Committee

The Daily Press have.

been

officially informed

that the Selection Com- mittee for the forthcoming interport. matches with Shanghai and Malaya will comprise of the following gentlemen:

Messrs. H. R. B. Hancock,

T. E Pearce,

A. W. Hayward, and H. Owen Hughes.

WATERLOO BRIDGE

Old Structure to be Reconditioned

London, October 24.

At to-day's meeting of the Lon- "don County Council, a scheme submitted by the Improvements Committee for the reconditioning of Waterloo Bridge by means of a process of "Corbelling out" on the existing bridge; at an estimat ed cost of £685,000 was adopted without a division-British Wire- less,

British Journalist Arrested

SERIOUS INCIDENT AT MUNICH

Berlin, Oct. 25. The British **?

"Daily Telegraph' correspondent at Munich, Mr. Moel, Panter was arrested or as he had

1 Raymond, 33/2

the

2. Denbigh, 22/1. 3. Stalky, 50/1. Twenty-six horses faced starter, and while Raymond won by two lengths, only three-quarters of a length separated the second and third horses--Reuter,

London, October 25.

at Hsuchow

Shanghai, October 25. According to a Chinese report Fang Chen-wu with his hair and moustache shaved of and in clothes of Д countryman was found in a third class coach by railway officials at Hsuchow.

Chi Hung-chng is reported to have travelled in the same train, but got off at Taian to visit Feng Yu Hsiang-Reuter

D. Smith rides The Font in the BANDIT CAPTIVE

Cambridgeshire, Tartan,

Versicle

Buckerell have scratched otherwise everything is identical. There will probably be twenty-six, starters.. Reuter.

LAST MINUTE CHANGES

Alterations Cambridgeshire

in

London," October 24. Several double alterations were runners and jockeys, for the Cam- made in to-day's list of probable

bridgeshire.

riding Inverman but latest reports Gunn was earlier reported to be

are that McGuigan will take the

saddie. McGuigan was originally given Town Crier to ride, but Ste- phenson will now be the mount, whilst Tartan, which had. Walsh

up, is now without a jockey.

Ailsacraig. which had Quick as Jockey has now been omitted from

the starter's 1st. together with Obesity, Rathlinisle, Chatelaine, Bow and Arrow. Galagas. and Effaceable.

Versicle, which was reported to bé a non-starter has now been given Wells as jockey, and D. Smith will ride either The Font or Buckerill.

Both Bow and Arrow and Gala-

pas were scratched yesterday after noon-Reuter.

SILVER MARKET

(From Our Special Correspondent)

.......

ESCAPES

Dr. Niels Nielsen Arrives at Hsiuyen

Changchun, October 25

Dr. Niels Nielsen, for six months a captive in the hands of bandits, has escaped and has safely arrived at the Japanese garrison town of Hstuyen. Reuter.

POLITICS IN JAPAN

New Party to be Formed

Tokyo, October 25. Leaders of the Minseito and Selyukai Parties are holding secret meetings with a view to forming

a big single party into which all smaller parties will be merged. I this is achieved the political party system in Japan will be revolu- tionised.

The object is to have national administration to tide the country through the present "emergency period-Reuter,

REDS IN SOUTH

01

KIANGSI Chiang Reinforces Govt. Troops

London, October 25. tions on

Following are the Silver. Quota-

the London market to From Our Special Correspondent) day:-

Canton, Oct. 25. To assist the First Group Army and, the 19th Route Army in sup- Klangst and West Fuklen, General pressing the Cominunists in South

Chiang Kai Shek, Chairman of the Nanking Military Commission, has sent the Fourth Army 'under Gen- eral Chi Wel and the 18th Army under General Chen Cheng to

Oct. 25 Oct. 24 Spot V

18.1/18 18.1/18 Forward

18.3/16 18.3/16 The London on New York cross rate, to-day closed 4.784

2=US

CHINESE HOLD Kan Chow, Bouth Kiangai, and has

TICKET

Duggie's Offer Refused

also despatched three divisions" to Kien Yang, North Fukien..

The Nanking divisions havė, al- ready reached Tal Ho and Wan An, towns in South Klangsi along the Kan River They will come farther south in an encircling: movement against the Communists at Hing Kuo, their headquarters, However, General Chiang's troops have not yet reached the borders "Duggle" Stewart, the well-of Fukien, according to an officer known London bookmaker, has made his final offer to "the Shae syndicate. The drawers of Dastur

Tsingtao, Oct. 25.

of the 19th Route Army. They are expected to cross the frontier and will join the Fukien forces

In

in the Irish Hospitals Sweepstake ousting the Beds from Chang Ting on the Cambridgeshire Stakes, re- and Lien Cheng West Fukien. ceived a telegram from the Lon-

All is quiet in the Nan Chang

don bookmaker this morning, re-front, North Kiangsi. Minor fight- peating the offer of £1,000 for a Ing occurred last Monday at Lat hali-share in the ticket.

Chuen, East Klangs between the The holders of the ticket, 24 Nanking troops and the Red riff Chinese employees of the Kiao- raf. The government forces are chow-Tsinan Railway, have now handicapped by the mountainous. decided to retain the full share. · barriers, but thanks to the timely The Chinese press is printing co-arrival of reinforcements, their lumns on the syndicate's refusal lines are held. Fighting is still go- and reporters besiege Mr. Shae's ing on in those sectors-Reuter residence daily for interviews.— Reuter

NEW GOVERN- MENT STOCK

£2,250,000 Issue At 3 Per Cent

London, October 24. The Bank of Brigland are an thorised to receive applications for the lasue of £2,250,000, Gor- exoment of Southern Rhodesia 31 per cent, inscribed stock 1963/63.

The price of the issue is E98 per cent, interest, being payable half yearly, on May 1, and Novem- ber 1. The first interest payment of 21.5.0. per £100 stock will be made May 1, 1934, List of an plications will be opened""" and closed next? Thursday-British Wireless, DANT

IN MEMORY OF

KING FEISAL

Unique Ceremony at Baghdad

Baghdad, October 25. In the presence of five hundred unvelled women, a unique feature in open air, a memorial service to the late King Feisal which was at-. tended by ten thousand people in- cluding King Ghazi, members of the Cabinet, the Diplomatie Corps and many visitors from Syria, Palestine and Trans Jordan, afty white-robed girls sang "The Song. of King Feisal" The proceedings were broadcast –Renter.

NEW SWIMMING RECORD

Rangoon, Oct. 25. presumably incurred official dis- A Bengali swimmer, Ghose, has pleasure in connection with his re-created a new world's endurance cent account of a meeting ad record remaining in the water for dressed by Herr Hitler at Kelheim, seventy-nine hours, twenty-four

Henter.

minutes. —Reuter. -

S GRANERO

WRECKED

On Rocks Off Aberdeen

London, October 24.. The Norwegian steamer Granero ran aground on the Kincardine-- shire Rocks late last night, and she was badly damaged,

The vessel now lies in an ex- ceedingly precarious postion, be- ing steadily pounded by rough seas, and it is thought that, she may become a total wreck, „

FIRST CANTON- SHAI AIR MAIL Service Inaugurated Yesterday

(From Our Own Correspondent)

Canton, October 23. Loaded with air mails" for Shanghai and intermediate- ports, the Sikorsky amphibian 'plane of the China National Aviation Cor- poratiori took off from the waters at Nam Shek Tau, at 2.30 bo-day on its maiden trip north- ward.

1.10.

The crew and most of the off- cers have been ordered to: aban- Piloted by Mr. Robert Gast, the don ship, but the Captain and one machine dew in the direction of officer are atill remaining

on Swatow where it would reach at board in the hope that the wea- 5 o'clock this afternoon. Spend- ther may abate, giving a prospecting the night at Swatow, the air- of salvage.

The Aberdeen lifeboat and life-at 6 am, for Shanghai via Amoy, "plane will leave there to-morrow saving crew are standing by the Foochow and Wenchow, expecting apparently doomed craft, waiting

to reach Shanghai by 3 p.m. the to take off the Captain and officers

same day. If peril threatens-British Wire- less.

· INCREASE IN

The aircraft arrived here yes- terday at 4.30 p.m. and made a smooth landing on the Pearl River at Nam Shek Tou. Together with- representatives of the Corporation.

BRITISH REVENUE officials of the Post Office met the

Treasury Returns

London, Oct. 24. THE latest Treasury returns show that the ordinary revenue for the current financial year up to October 21, amounted to £308,910,- 305.

At the corresponding date of last

the amount year,

'stood at £302,979, 215. The ordinary ex- penditure to date for the current year totalled £369,139,998 as com- pared with £400,516,678 at the corresponding date of 1932-Bri- tish Wireless,

|

airplane and removed 100 pounds of air mall for distribution at the General Post Office.

Mr. W. S. Grooch, operation manager of the Corporaton, and mechanic, were passengers on the machine in her trip southward and re- turned on her to Shanghai this afternoon.

Mr. H. Woods radio

Prior to the departure of the Sikorsky airplane, a Christening ceremony was performed and par- ticipated in by high civil and military officials, who praised the enterprise of the company and wished it every success in extend- ing its service to South China..

The China National Aviation

||

LONDON STOCK corporation will maintain a twice-

MARKETS

Close With Good Undertone

London, October 24. After showing a general-firm- ness throughout the day, the stock markets closed with a good under- tone, although values in some cases dropped below the best.

British Government stocks finish- ed firm with War Loan 31, per Cent at 101 13/16, while the new South Africa 31 per cent, after active business, was finally quoted at half premium.

Kaffir and Internationals were

a-week service each day. namely from Shanghai to Canton On Tuesdays and Fridays at B a.m. and from Canton to Shanghai on Wednesdays and Saturdays at 2.30 p.m.....

BRITISH TROOP MOVEMENTS Brigadier to Remain at Shanghai

London, October 25,

Reuter understands that it is

not

intended to remove the

not so good at the finish. French | Brigadier and his

stan from

4 per cent. bonds closed at 231, Shanghai when the British bat- and the 44 per cent, at 25k-tallon proceeds to Hong Kong in British Wiresless.

November.-Reuter..

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